The present paper tackles two broad theses. According to the first, in the Eastern Orthodox view wealth, riches, material prosperity and whatever these things presuppose (the extended division of labour, trade, money, profit oriented entrepreneurship etc.) are not evil or condemnable in...

The lesson of crisis in economy, if we could condense it into a single idea, would sound like this: when private property gets mixed with illusion and fraud, the societal order becomes a tensed experiments system, both discretionary and costly. This is, in fact, the interventionism’s essence,...

The paper starts from the argument that, at present, there are two opposite perspective on the relationship between ethics and capitalism, namely: on the one hand, it is the interpretation offered by the neoclassical school of economic thought (mainstream economics) and, on the other hand, it is...

The concepts of market, economic concentration, concurrent with competition mechanisms are key elements to market economy systems, that decisively shape the architecture of national economies. While to economic science, similarly to the group of social sciences, the experiment is not allowed,...

This continuation of the previous part of our proposed monograph, which by no means is intended as an exhaustive one, is corroborated by the citation of innovative criticism and ideas put forward by the various economists, the purpose of which is to highlight exactly the relativism and nuances...

The logic of the historical evolution of the wrong institutional design that affects the financial and monetary system of the so called free market economies up to day is somehow easy to understand: bubbles did continue, financial crisis and economic recessions were not avoided, the bail out of...

The paper aims to discuss the concept of truth in its relation with causality. More exactly, the relation of causality between… causality and truth recognition is exposed and debated. The three types of truth are presented and examined in the light of the paper purpose, commenting on...

Based on the ontological and epistemological problems and solutions exposed in the previous paper, we scrutinize the philosophical grounds of three main schools of economics. They are not opposing one another as solid blocks of incompatible ideas and theories, but each school contains...

The paper has as goal to revisit the general concept of causality, with some specifications to the social (especially economic) field. The logical conditions of causality (individual causes as well multiple causes) are proposed and evaluated. Based on causality concept, the correlation notion is...

Rapid fall of communism was a surprise to Romanian economists. They lacked any theoretical guide to explain such a historic event and allow them to analyze economic and social processes that followed. Neither political economy of socialism, neither Keynesian nor neoclassical theory have allowed...